Category Archives: Economy

Airbnb CEO pledges to take more responsibility for impact to housing

SAN FRANCISCO  – Home-booking company Airbnb has sparred with regulators across the globe, but Chief Executive Brian Chesky on Thursday spoke of coming to terms with his responsibility for how the company can impact housing markets and neighborhoods. “Every year

A massive US farming industry fears China trade trouble

One of America’s biggest farming industries fears it could find itself in China’s cross hairs if President Trump keeps ramping up trade tensions between the world’s two largest economies. China is the world’s biggest buyer of US soybeans. It imported

Is now the time to invest in South Africa?

South African President Cyril Ramaphosa says his country is entering “a new era” following the ouster of his scandal-plagued predecessor, Jacob Zuma. Investors appear to agree. The country’s benchmark stock index has surged 5% since Zuma stepped down late Wednesday.

Apple’s guidance for this quarter could be really bad, BTIG analyst says

  Apple will give a forecast for this current quarter that may be shockingly low, according to a BTIG analyst Walter Piecyk. “Smartphone upgrade rates remain at record low levels and do not appear poised to rebound in the first

Four triggers could cause a huge cryptocurrency crash

        If it’s true that the bigger they are, the harder they fall, then cryptocurrencies have been gearing up for a tremendous decline. But, then again, maybe this is just the start for the great crypto bull

Ackman cuts staff, shuns limelight as he seeks to turn around fund

William Ackman is cutting almost a fifth of staff and looking to lower his public profile as he seeks to turn around Pershing Squera  Capital management after three straight years of losses, people familiar with the move told Reuters on Monday.

US stock futures fall on the government shutdown

Stock futures fell on Sunday as the U.S. government remained shut down. Dow Jones industrial average futures declined 32 points and briefly fell as much as 101 points. S&P 500 and Nasdaq 100 futures drop 3 points and 5 points,

Wall Street ends higher despite government shutdown threat

NEW YORK  – Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed. The S&P 500 and the Nasdaq hit record closing highs, while the Dow ended the day higher after trading

Bank of America loses its second head of tech and media banking in less than a year

Bank of America’s global head of technology, media and telecommunications investment banking Anwar Zakkour is planning to depart to pursue other opportunities, according to an internal e-mail obtained by CNBC and confirmed by a bank spokesman. His departure marks the

HSBC to pay $100 million to settle currency rigging investigation

HSBC holdingson Thursday agreed to pay $101.5 million to settle a U.S. criminal probe into the rigging of currency transactions, which has already led the conviction of one of its former bankers. The payment includes a $63.1 million fine plus